GLOBAL EQUIP INC

EIN: 273413312 501(c)(3)

TULSA, OK

Total Revenue
$368,527
Total Expenses
$402,330
Total Assets
$63,980
Net Assets
$46,820
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
OK
Principal Officer
JOHN P THOMPSON
Phone
9182896160
Tax Period
2024-01-01 to 2024-12-31

GLOBAL EQUIP INC, founded in 2010, is a small nonprofit that reported $369K in total revenue in fiscal year 2024. Revenue surged 44% from the prior year, signaling strong growth momentum.

Mission

PROMOTING THE GOSPEL THROUGH MINISTRIES

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $368,255
Program Service Revenue $0
Investment Income $272
Other Revenue $0
TOTAL REVENUE $368,527

Expense Breakdown

Grants Paid $257,061
Salaries & Benefits $120,000
Fundraising Expenses $0
Program Expenses $384,499
Other Expenses $25,269
TOTAL EXPENSES $402,330

Year-over-Year Comparison

2024 2023 Change
Revenue $368,527 $255,151 +0.4%
Expenses $402,330 $258,113 +0.6%
Net Income $-33,803 $-2,962 +10.4%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
5
Independent Members
3
Employees
2
Volunteers
6

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$120,000
Total Directors
5
$120,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JASON WAKEFIELD SECRETARYTREASURER 40.00
Officer Director
$45,000 $45,000 $90,000
JOHN P THOMPSON PRESIDENT 20.00
Officer Director
$0 $30,000 $30,000
PAUL TAYLOR TRUSTEE 0.00
Director
$0 $0 $0
BRIAN MAIN VICE PRESIDENT 0.00
Officer Director
$0 $0 $0
CHRIS YOUNG TRUSTEE 0.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $368,527 $402,330 $63,980 $-33,803
2023 $255,151 $258,113 $80,692 $-2,962
2022 $386,370 $344,907 $85,374 $41,463
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